All Freightos articles
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News
Freightos acquires Shipsta
Online booking and rate firm Freightos has acquired multimodal tender procurement platform Shipsta to expand its spot pricing, quoting, and booking capabilities.Headquartered in Luxembourg, Shipsta supports companies' freight procurement by streamlining tender management and procurement processes across air, ocean, road, and rail, enabling companies to solicit tenders from freight forwarders ...
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WebCargo makes insurance a breeze with new integration
Online air cargo booking portal WebCargo by Freightos has integrated digital insurance service Breeze onto the platform.The integration will give WebCargo's forwarder users the option of adding insurance when they make a booking."With this collaboration, freight forwarders will have instant access to an insurance quote when they place a booking, ...
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Freightos narrows losses as online bookings improve
Online booking and rate firm Freightos saw revenues and profits improve in the first quarter of the year on the back of a record number of online bookings.Freightos, which owns air cargo booking cargo WebCargo, recorded an 11% year-on-year improvement in first-quarter revenues to $5.3m, its operating loss for the ...
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Chinese airlines to increase transpacific bellyhold capacity
Chinese airlines will in April increase the amount of bellyhold capacity they operate on flights to the US following approval to expand operations.The US Department of Transportation has from April authorised China-based airlines to increase the number of weekly flights they carry out between the US and China from 35 ...
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WebCargo to launch airfreight rate trend prediction tool
Online booking platform WebCargo is launching a new tool predicting whether airfreight rates will rise or fall to help airlines and forwarders plan for the future.The Volatility Index will launch this week and predicts trade lane rate trends by mining the airfreight data generated by WebCargo. It will help industry ...
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NewsFits is a perfect fit for WebCargo
Source: ShutterstockFits Cargo – a Sri Lanka-based company that combines physical airline operations and interline agreements with over 160 carriers - has joined the Freightos WebCargo online booking and payment platform.Fits Cargo flies over 4 million kilograms of air freight year and has a direct presence in Dubai, India, Hong ...
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Freightos tops a million transactions
Freightos handled over a million transactions in 2023 according to its full-year results, published on 26 February.The digital booking and payment platform achieved a record 287,000 transactions in the fourth quarter of 2023, an increase of 36% year over year to end the year with 1,025,000 transactions.Freightos said it had ...
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Board changes at Freightos
Freight booking and payment platform Freightos is strengthening its board with the addition of Carl Vine, co-head of Asia Pacific equity investing at M&G Investments.William Chin, head of commodities at the Singapore Exchange, has also stepped down from the board of directors.Vine brings to Freightos' board experience in investing in ...
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Booking portal Freightos sees Q3 revenues rise but losses deepen
Freightos continued to record improvements in both revenues and the number of transactions made on its booking portals in the third quarter but losses deepened.The company, which includes airfreight booking portal WebCargo, saw its revenues increase by 8.9% year on year to $5.1m in the third quarter of the year ...
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Freightos sees transactions increase but a slight fall in revenues
Online booking and rate portal Freightos - owners of WebCargo - reported a loss in the second quarter of the year as revenues narrowed slightly.The digital software company saw its second quarter revenues decline 1.2% year on year to $5.1m, its operating loss worsened by 0.7% to $5.9m and its ...
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NewsLogistics "barely at day one" on AI tech adoption
The logistics sector is slowly adopting artificial intelligence (AI) solutions while the majority expect the technology to have a major impact on the industry in the future.A survey carried out by booking and rate platform Freightos showed that 14% of companies are already using (7%) or piloting (7%) AI solutions.Meanwhile, ...
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NewsBooking portal WebCargo launches interline option for airlines
Carriers will now be able to offer the services of their interline partners on the WebCargo by Freightos airfreight booking portal.Freightos said a test shipment had been carried out by Qatar Airways Cargo on an ITA Airways flight.The booking platform pointed out that in the passenger travel industry around 10% ...
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Freightos to cut back on staff
Freight booking and payment platform Freightos is undertaking cost-saving measures including an "approximately 13% headcount reduction".The Israel-headquartered company did not specify what other cost initiatives would be taken, but said that the measures are part of a new plan for operational efficiency that is expected to reduce expenses and improve ...
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NewsElectrolux signs up with airfreight booking portal Freightos
Image: Shutterstock/Postmodern StudiosElectrolux has signed up to use Freightos' Enterprise Solution which will allow it to make airfreight bookings on a booking portal through its freight forwarder partners.The Enterprise Solution allows beneficial cargo owners (BCOs) to view the various flights and prices being offered by airlines that have partnered with ...
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Eastern Air Logistics continues digital push with WebCargo partnership
Eastern Air Logistics's (EAL) digital push has continued with the announcement of a second portal deal in as many days for the capacity of subsidiary China Cargo Airlines.WebCargo by Freightos today announced that the capacity of China Cargo Airlines' 16 freighters as well as the belly capacity of China Eastern ...
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Freightos: transactions and revenues up in Q1 but losses deepen
Online booking portal Freightos saw the number of online transactions grow rapidly in the first quarter but its losses deepened during the period as a result of one-off costs.During the first quarter, revenues at the company increased by 9.8% year on year to $4.8m on the back of a 100% ...
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NewsEmployees need to understand digitalisation for companies to progress with technology
Air Cargo Europe digitalisation conference session panel. Photo: Rebecca JeffreyPeople pose one of the biggest barriers to companies effectively utilising technology, according to a digitalisation conference panel at Air Cargo Europe in Munich.Employees need to understand what changes digitalisation will and won’t make to a company’s operations, said the panel ...
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NewsFreightos Terminal goes live
Credit: FreightosFreightos, the international freight booking and payment platform, has released Freightos Terminal, a one-stop dashboard that provides users with the latest market data and insights on global shipping.Freightos Terminal provides a suite of “powerful data, analysis and news tools”, the company believes.It offers, for instance, market intelligence reports with ...
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Freightos begins trading as a public company
Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq stock exchange in New York, US.The global freight booking and payment platform entered into a definitive merger agreement with Gesher in June last year.The combined company is operating as Freightos ...